2009 Maintenance Fees

[dioxide45]

Eric: Why are the Platinum maintenance fees more expensive than the Gold maintenance fees? They are all for the same sized unit....

Or are the fees higher for Platinum because Platinum weeks are more valuable?

Finally, are the renovations now 100% complete?

Grande Vista also has higher fees for platinm season vs. gold. Not all resorts are like this. I think it may be due to the fact that you likely need more staff members during high season as the resort will have higher occupancy.

 

[potchak]

Timberlodge 2bd EOY:

Interval Description Due Date Amount Due

TL*6421*30 2009 Reserve Fee 2009-01-19 $106.96
TL*6421*30 2009 Operating Fee 2009-01-19 $376.18

Total amount $483.14

 

[Golfnow]

We just got our Shadow Ridge statement

Operating $760.72
Reserve $146.68

Good afternoon Jim,

can you post your budget online? Or by fax or email? I am trying to put a master spreadsheet together of most time shares and seeing where they are spending our money on various aspects (housekeeping, landscape, etc.).

You can email me at jwhiteisinthehouse@yahoo.com or fax to 321-577-0233.

Thanks,

J

 

[Golfnow]

Here is the latest historical trend data for Manor Club MMC/MSE:

I'd be curious to know what trends have been at other Marriott properties. Can anyone do a similar analysis for their property?

I am doing a trend for the Marriott's. Can I have your historical budgets for Manor as far back as you have? You can post, fax or email me.

jwhiteisinthehouse@yahoo.com or 321-577-0233.

Thanks,

J

 

[Golfnow]

Maui Ocean Club - old section is up 5.6% to $1623.
Myrtle Beach Oceanwatch also up 5.6% to $894

Not bad compared to previous years.

Regards.
Joe

Can I get a copy of your myrtle beach budget? You can post, fax or email to me. I am compiling as many budgets with breakdowns to help owners understand what they are spending in relation to other owners.

jwhiteisinthehouse@yahoo.com 321-577-0233.

thanks,

J

 

[minoter]

BeachPlace Fees

Sorry for the delay in response to the question on the BeachPlace Fees.

The difference between the gold and platinum rate is due to property taxes only. The developer board (Marriott) set this property tax formula in the original documents which assigned more property taxes to platinum than gold. The Board was told that this was a requirement in county tax laws when the condo was built in 1998.

Over the last 2 years property taxes in Ft Lauderdale have decreased and the effect of this decrease allowed the Board to pass the savings onto the owners which helped keep the overall maintenance fees basically flat for
2009.

Eric Minotti

 

[Golfnow]

Sorry for the delay in response to the question on the BeachPlace Fees.

The difference between the gold and platinum rate is due to property taxes only. The developer board (Marriott) set this property tax formula in the original documents which assigned more property taxes to platinum than gold. The Board was told that this was a requirement in county tax laws when the condo was built in 1998.

Over the last 2 years property taxes in Ft Lauderdale have decreased and the effect of this decrease allowed the Board to pass the savings onto the owners which helped keep the overall maintenance fees basically flat for
2009.

Eric Minotti

Eric,

Can you post the budget online? I am gathering as many TS's as possible to understand MF's across properties so we know why fees are going up and why some categories are higher than others. You can post it, fax it or email it, if you can.

Thanks,

J
jwhiteisinthehouse@yahoo.com
fax 321-577-0233

 

[Golfnow]

Wahorn -

As Jim accurately states, the information you seek is readily available in the FAQs for this forum and in the TUG Advice section - the historical database of Marriott maintenance fees.

For those 21 Marriott resorts for which we have MF data back to 2001, the average annual increase in fees has been 5.2%, from $701 in 2001 to $1,002 in 2008. The median increase was at an annual rate of 5.0%. I exclude special assessments, which are temporary and would otherwise distort the increase data.

Here is what I posted earlier this year related to the fee increases from 2007 to 2008:I do a similar analysis each year when we have accumulated all of the increase data (usually in January or February) and after I have updated the database.

Dave,

Do you keep the budget so we can analyze the categories of spend, like the housekeeping, front desk, landscape, etc.? I want to calculate what the average prices per owner week we pay and see how it compares across the different TS's out there.

J

 

[pwrshift]

I hope that these fees include taxes.
If so, KUDOS to the board for holding the line for the second year in a row!

Terry

Well....BeachPlace's MF is currently about 1/6 of what you paid to buy your platinum week on Ebay recently! If they continued to go up, one day you'll be paying more annually for MF than you paid for the whole suite!

Brian

PS ... did it close OK and get through ROFR?

 

[thinze3]

PS ... did it close OK and get through ROFR?

Hope to hear about ROFR by next week. The company said they would TRY to get the deal closed by the end of the year. After that it will be up to Marriott to record the new owner.

 

[Ggatorgirl]

Canyon VIllas MF

Looks like the Canyon Villas in Phoenix MF are
Property Tax 41.31
Reserves 192.00
Operating 648.76

Total for 2009 882.07

 

[justinbrenda]

Horizons at Orlando
Fiscal Year Description Due Date Amount Due
2009 Property Tax Fee 2009-01-23 83.08
2009 Reserve Fee 2009-01-23 163.00
2009 Operating Fee 2009-01-23 597.86
Total Charges $843.94

 

[MOXJO7282]

Grande Ocean
2009 Property Tax Fee 105.23
2009 Reserve Fee 218.42
2009 Operating Fee 704.01

Total Charges $1027.66

6.78% increase from 2008.

Regards.
Joe

 

[Kokonut]

Ko Olina Beach Club - 2BR

2009 Property Tax Fee - $126.02
2009 Reserve Fee - $143.66
2009 Operating Fee - $1,234.00

Total Charges - $1,503.68

Net increase of 7.07% from 2008

 

[iamnotshopgirl]

Aruba Surf Club (gold week)

Aruba Surf Club 2BR OS gold week

2009 Reserve Fee 2009-01-16 147.73
2009 Operating Fee 2009-01-16 1095.87
Total Charges $1243.60

Reserve fee stayed the same as 2008. Operating fee up slightly over 20% of the $911.28 fee in 2008. No assessments. Total net increase of both fees approx. 17.5% from 2008 fees.

bob

 

[dougp26364]

Marriott Ocean Pointe 3 Bedroom Silver Season

2009 Property Tax Fee $217.43
2009 Reserve Fee $259.73
2009 Operating Fee $869.13
2009 Club Fee $32.00
Total Charges $1378.29

 

[dougp26364]

Sorry for the delay in response to the question on the BeachPlace Fees.

The difference between the gold and platinum rate is due to property taxes only. The developer board (Marriott) set this property tax formula in the original documents which assigned more property taxes to platinum than gold. The Board was told that this was a requirement in county tax laws when the condo was built in 1998.


Eric Minotti

I can echo this as Ocean Pointe also has different taxes for each season.

 

[Kazakie]

2009 (alpha order by state then resort name)

[U][B]Resort		Unit	Op Fee	 Dev Sub  D/(S)	Reserve	Op+Res	  Est Tax  w/ tax    Int chg	ClubDue	OwnFee	SpecA	2007-Loan Pay[/B][/U]
St. Kitts	2br-An	1,317.05 (169.81)	165.96 	1,313.20 		     34.50
St. Kitts	2br-Bi	1,309.50 (168.83)	165.00 	1,305.67 		     34.50
St. Kitts	3br	1,707.77 (220.19)	215.19 	1,702.77 		     34.50
Desert V I	2br	  692.01 		311.04 	1,003.05
Desert V II	2br	  623.63 		234.02 	  857.65
Shadow Ridge	studio	  258.79 		 48.89 	  307.68 		     34.50
Shadow Ridge	1br	  501.93 		 97.78 	  599.71 		     34.50
Shadow Ridge	2br	  760.72 		146.67 	  907.39 		     34.50
Shadow Ridge	2br-new	  759.45 		146.67 	  906.12 		     34.50
Shadow Ridge	2br-dlx	  771.92 		146.67 	  918.59 		     34.50
Timber Lodge	1br	  614.88 		143.23 	  758.11
Timber Lodge	2br	  752.36 		213.91 	  966.27
Timber Lodge	3br	  912.78 		296.41 	1,209.19
Newport Coast	2br	  678.95 		142.54 	  821.49
Mountain V	studio	  784.34 		150.06 	  934.40   24.86    959.26
Mountain V	1br	  980.44 		187.57 	1,168.01   31.07  1,199.08
StreamS-Birch	Avg	  840.18 		362.24 	1,202.42   19.84  1,222.26
StreamS-Douglas	Avg	  804.50 		421.02 	1,225.52   32.75  1,258.27 				300.00
StreamS-Evergn	Avg	  863.33 		245.50 	1,108.83   37.49  1,146.32
Cypress Harbour	2br	  593.36 	(8.00)	230.00 	  815.36   96.63    911.99
Grande Vista	1br	  398.48 		123.96 	  522.44  104.16    626.60  34.50 	4.00 	28.00
Grande Vista	2br	  584.19 		181.74 	  765.93  136.72    902.65  34.50 	4.00 	28.00
Grande Vista	3br	  770.77 		239.80 	1,010.57  171.65  1,182.22  34.50 	4.00 	28.00
Kauai Beach	1br	1,218.02 		257.83 	1,475.86   98.22  1,574.08
Kauai Beach	2br	1,339.83 		282.62 	1,622.45  108.04  1,731.49
Ko Olina	2br	1,216.22 	17.77 	143.65 	1,377.64  126.01  1,503.65  34.50
Ko Olina	3br	1,338.21 	19.55 	158.06 	1,515.82  138.65  1,654.47  34.50
Maui Ocean-orig	1br	1,243.40 		122.58 	1,365.98  109.09  1,475.07
Maui Ocean-orig	2br	1,367.76 		134.84 	1,502.61  120.00  1,622.61
Maui Ocean-new	2br	1,532.40 		151.07 	1,683.47  134.45  1,817.92
Maui Ocean-new	3br	1,838.89 		181.29 	2,020.18  161.34  2,181.52 	
Waiohai Beach	2br	1,204.02 		130.54 	1,334.56  146.14  1,480.70  34.50
Fairway Villas	2br	  649.20 		186.00 	  900.69   65.49    900.69
Grand Chateau	1br	  577.31 		114.98 	  692.29   29.31    692.29  34.50
Grand Chateau	2br	  743.83 		178.86 	  922.69   45.60    922.69  34.50
Grand Chateau	3br	1,043.71 		293.89 	1,337.60   74.93  1,337.60  34.50
Barony Beach	2br	  681.15 	(16.15)	150.00 	  815.00   95.00    910.00
Harbour Club	2br	  691.71 		211.66 	  903.37   91.63    995.00
Harbour Point	2br	  605.77 		214.38 	  820.15   54.85    875.00 					115.00
Monarch		2br	  667.93 	 1.11 	246.75 	  915.79   80.59    996.38
OceanWatch	2br	  689.75 		144.00 	  833.75   60.25    894.00
Sunset Pointe	2br	  594.82 		213.95 	  808.77   59.86    868.63
SurfWatch	2br	  730.09 	10.63 	147.26 	  887.98   67.86    955.84
SurfWatch	3br	  846.90 	12.33 	170.83 	1,030.06   78.72  1,108.78
Frenchman Cove	2br	1,420.38 (434.46)	148.56 	1,134.48 		    34.50
Frenchman Cove	3br	1,622.06 (496.14)	169.65 	1,295.57 		    34.50
MountainSide	2br	  627.83 		203.50 	  831.33   59.25    890.58
Manor Club	2br	  667.67 		160.50 	  828.17   61.83    890.00

 

[dioxide45]

Grande Vista 2BR Gold - In Florida Club

Property Tax Fee $109.69
Reserve Fee $181.74
Operating Fee $562.75
Club Fee $32.00

Total $886.18

 

[thinze3]

Legends Edge 2BR Platinum

Property Tax Fee $53.66
Reserve Fee $170.00
Operating Fee $681.78
Florida Club Fee $32.00

Total $937.44

Increase of $43.07 or 4.82%

I am OK with this, as the reserve fee went up $44 while
everything else essentially totaled to the same as last years fees.


Terry

.

 

[Nsivertsen]

Grande Ocean 2009 Fees

2009 Operating Fees $704.01
2009 Replacement Reserve $218.42
2009 Property Tax $105.23
Total $1,027.66

2 bedroom cost for one week

Let's see. 52 wks X $704.01 = $36,608.52
52 wks X $218.42 = $11,357.84
52 wks X $105.23 = $ 5,471.96

Total: $53,438.32 total fees for one 2 bedroom
unit, gold time, for full year.
Not hard for Marriott to take.

RichS

 

[Dave M]

Not hard for Marriott to take.

Except for the management fee, those $$ don't go to Marriott. They go to the GO HOA to operate the resort. Take a careful look at the 2009 budget included in the envelope with your MF bill and you'll see how the HOA spends those $$ that you calculated.

 

[LDT]

Aruba Surf Club 2BR OV Plat Week

Aruba Surf Club 2BR OS gold week

2009 Reserve Fee 2009-01-16 147.73
2009 Operating Fee 2009-01-16 1095.87
Total Charges $1243.60

Reserve fee stayed the same as 2008. Operating fee up slightly over 20% of the $911.28 fee in 2008. No assessments. Total net increase of both fees approx. 17.5% from 2008 fees.

bob

Ours is the same. I was not expecting it to increase that much.

 

[MOXJO7282]

Ours is the same. I was not expecting it to increase that much.

The Surf Club is the only one of my properties that I'm truly upset by this year's MF. The others were around 7% or so, which isn't great but at least palatable.

Regards.
Joe

 

[davewasbaloo]

I am still awaiting Ile de France. It will be interesting to see (I am guessing a rise of about 10%).